Bangkok--9 Oct--SET
The Stock Exchange of Thailand (SET), MFC Asset Management PCL (MFC), One Asset Management Limited (ONEAM), and the Islamic Bank of Thailand (I-Bank) to hold the first time roadshow in Dubai and Abu Dhabi, United Arab Emirates, Qatar, and Kuwait during October 10-16 to attract investors in the Middle East.
“SET’s objective in arranging this roadshow is to meet with investors in the three members of the Gulf Cooperation Council (GCC), to present information about Shariah-compliant and conventional investment through the Thai capital market, and to promote the opportunity and potential of investing in Thailand in general. This roadshow is in response to our government’s policy on economic expansion into the Middle East,” SET Group Head, Market Development, Dr. Santi Kiranand, said.
“Our research shows that Middle East investors have financial strength and are very interested in investing in the Thai capital market but lack investment channels. Even though most countries in the Middle East are Islamic and most investors want to invest in Shariah-compliant products, many of them are also interested in conventional investment. This roadshow will be a good opportunity to directly provide information to Middle East investors on two types of funds, i.e., the MFC Islamic Fund, using the FTSE SET Shariah Index as one of its benchmark, and property funds managed by MFC, said MFC First Executive Vice President and Chief Investment Officer Dr. Supakorn Soontornkit.
“Accessing the Thai capital market for foreign investors today is easier and more convenient than before due to the more developed and diversified financial products. For example, investors can utilize the ThaiDEX SET50 Exchange-Traded Fund (TDEX), which gives them returns based on the SET50 Index; or ThaiDEX FTSE SET Large Cap ETF (TFTSE), which uses the FTSE SET Large Cap Index as its underlying. ONEAM will explore Middle East investors’need for its Shariah-compliant fund to be set up in the future”, said ONEAM Director & Executive Vice President Suripol Khemjinda.
“This roadshow is expected to receive great attention from GCC investors and help create understanding about financial products in Thailand. Additionally, it would result in trade expansion with GCC”, said I-Bank Advisor Suwan Damnernthong,
Institutional investors in the three GCC countries launched 16 Shariah-compliant funds, with a total fund size of USD560 million (approx. THB19 billion).
For more information, please contact S-E-T Call Center 0 2229 2222
Press office, please contact Public Relations Unit, the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792